The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-05-07

Tenn. Val. I. 4 r. Co.. III bid. asked
Florence L. 4 M. o...22} bid,26 asked
Tenn. Coal and Iron-42t bic, 49, asked
Memphis Water Co-...... bid, e. asked
Tenn. Brewing Co.. l27 bid, e. asked
speers Wedding CO. los bid, ITO asked
U'on St'k Yrd 4 FOo-2S bid, e. asked
Miss Grain& Elev. Col0O bid, $50 asked
New YoRK, May 8.-Money on call
easy at 4@5 per cent, closing at AZ
per cent. Prime mercantile paper,
5G5i per cent. Sterling exchange
dull but steady at 1851 for sixty day
bills and 1874 for demand.
Bonds - Government bonds were
dull and steady. State bonds were
neglected.
Stocks Wall street There was
none OF yesterdays buoyaucy In the
stock market today, but instead there
was dull and dropping market.
Highest prices were generally made
in the first hour and lowest in the
last There was no demand to cover
shorts this morning, and although
London was buyer, It's operations
were confined principally to the
Wabashes. Weakness developed early
in Missouri Pacific, and the room
jumped to the conclusion that Gould
was seller, the result being that q
decidedly heavy tone WIS impaired
to the entire list. New EnglaLd
again became weak in company
with Reading, both being specially
heavy sufferers from the operations Of
the bearish room traders. The re-.
ported harmonious arrangement in
Pacific Mail rendered that stock ex.
ceptionslly strong, and tonight it is
one OF the few stocks which closed
higher. The grangers showed much
less animation, and though Rock Isl
and made some improvement early In
the day it was entirely lost with some
thing in addition before the close.
Under the operations for London &C
count, the Wabsshes were unusually
active and strong, but they yielded
with the remainder OF the list in the
afternoon The opening was steady
to firm, first prices being either I'M
changed or slight fractions above last
evenings fusl figures in most cases.
A heavy tone ;;as Immediately devel-
oped, however, Missouri Pacific being
decidedly weak, though declines were
for fractions only. A rally followed,
which, however, Jailed to bring prices
up to opening figures, and before
noon prices were again declining.
After that time more decided weakness
was shown, the decline continuing we'll
into the last hour. Nearly all the act
i've list are frsctionally lower this eve
ming. Milwaukee, Lake Shore and
Western .ost l per cent. and New
IL per cent. Railroad bonds
were less active today; sales aggteg-
ated $1,374,000. There was good
business, at advancing figures in the
forenoon, but the market yielded and
became quieter later in the day, the
close being heavy, although closing
prices show majority of net ad.
yances.
Mining shares-Middleba contin-
1ed its activity and wide fluctuations.
The closing prices bid were ss follows:
Hale and Norcross 475, Amador 47O,
Bodie 2s5, Caledonia Black Hills ITO,
Consolidated California and Virginia
A, Desdwood 100, FL Oristo Z, Home.
take Is, Middlebar "a, Moulton /,
Navsjo 115, Silver King $50, Santiago
no, Standard ITO, Stanislaus 260, Sc
ur lily 675, Suro Tunnel 20.
tbs total sales OF stocks today were
80, 900 shares, including Canada
southern, $3.50; Delaware, Lackawan-
Ia and Western, 300 Erie, 1920;
AXE Shore, $500; Louisville and Nash.
lille, 1000; Missouri Pacific, Is, $50;
Northwestern, 5000; New Jersey Cen
raj, 1855; Pacific M all, 1915; Reading,
$780, St Pail, 1850; Union Pa
ific, 3086; Western Union, 10,0l1;
Wabash Pacific, $3.50. Closing quota
ions: "a